HSBC downgraded shares of Telenor ASA (OTCMKTS:TELNY) from a buy rating to a hold rating in a report issued on Monday.

Separately, Berenberg Bank downgraded shares of Telenor ASA from a hold rating to a sell rating in a report on Friday, September 16th. Three analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. The stock has an average rating of Sell.

Telenor ASA (OTCMKTS:TELNY) opened at 16.87 on Monday. The company has a market capitalization of $25.33 billion, a price-to-earnings ratio of 140.58 and a beta of 1.28. Telenor ASA has a 52-week low of $13.71 and a 52-week high of $20.70. The stock has a 50 day moving average price of $17.19 and a 200 day moving average price of $16.68.

About Telenor ASA

Telenor ASA is a telecommunication company. The Company’s segments include Norway, Sweden, Denmark, Hungary, Bulgaria, Montenegro & Serbia, dtac-Thailand, Digi-Malaysia, Grameenphone-Bangladesh, Pakistan, India, Myanmar, Broadcast and Other units. The Company’s main products and services are mobile communication, fixed line communication and broadcasting activities.

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